Amendment of the Law

Part of Budget Resolutions and Economic Situation – in the House of Commons at 6:28 pm on 10th March 1992.

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Photo of John Butterfill John Butterfill , Bournemouth West 6:28 pm, 10th March 1992

Does the hon. Gentleman agree that the richer taxpayer will be penalised because the threshold at which higher rate tax becomes payable has not been increased by the rate of inflation? Perhaps that will come as some compensation to those who imagine that the Budget is aimed at the relatively wealthy.